Retroactive Insurance

Retroactive insurance is a type of insurance policy that provides coverage for incidents that occurred before the policy's inception date. It offers protection for liabilities that may have occurred in the past but were unknown or undisclosed at the time the policy was purchased. Retroactive insurance is commonly used to fill gaps in coverage or provide protection against potential claims from past events. It can be particularly relevant in professional liability insurance, where claims may arise years after the professional services were provided. Retroactive insurance helps policyholders lower financial risks associated with unforeseen liabilities that happened before their insurance was in force.